Guiding Clients Through Gray Divorces In Gwinnett County

As couples over 50 dissolve their marriages, they must address critical issues such as asset division, retirement funds and long-term financial security. Given the complexities involved, working with a knowledgeable divorce lawyer is essential to protect your interests and secure a stable future.

The Hicks Law Group has over 25 years of experience assisting Georgia couples who are handling the challenges of gray divorce. Our firm takes a proactive approach to protecting your financial well-being while addressing the legal complexities of dissolving long-term marriages. Attorney Jeffrey B. Hicks understands that each case is unique. He will work closely with you to develop solutions tailored to your needs to prepare you for the next phase of life.

Common Issues In Gray Divorce

Couples dissolving long-term marriages must address various issues, including:

• Division of retirement and pension accounts: One of the greatest concerns in gray divorce is the division of retirement savings, including 401(k)s, pensions and IRAs. Many of these assets require careful legal handling to avoid penalties and help ensure equitable distribution. Without proper planning, one spouse may be left without adequate financial resources for retirement.
• Real estate and property division: Long-term marriages involve valuable real estate, including primary residences, vacation homes and investment properties. Deciding whether to sell, buy out a spouse’s share or retain ownership can be challenging. Additionally, the financial burden of maintaining a home on a single income must be carefully considered.
• Spousal support and income disparities: In many gray divorces, one spouse often has a higher earning potential than the other. Spousal support may be necessary to help the lower-earning spouse maintain financial stability, especially if they were out of the workforce for years.
• Health care and long-term care considerations: Older individuals face increasing health care needs, making health insurance and long-term care planning crucial aspects of divorce settlements. Losing access to a spouse’s health coverage can be financially challenging, requiring alternative insurance options and estate planning adjustments.

Attorney Jeff can help with these challenges and develop a strategy that protects your long-term interests.

Take Control Of Your Future

Gray divorce has unique financial and legal challenges. The Hicks Law Group helps those in Gwinnett County protect their interests and secure a stable future after divorce.

If you are considering divorce later in life, call 678-894-9097 or reach out online for a consultation and receive experienced legal guidance tailored to your situation.